What’s Next for NII Holdings, Inc. (NIHD) After Achieving 52-Week High?

June 17, 2018 - By Ash

NII Holdings, Inc. (NASDAQ:NIHD) Logo

The stock of NII Holdings, Inc. (NASDAQ:NIHD) hit a new 52-week high and has $3.76 target or 5.00 % above today’s $3.58 share price. The 5 months bullish chart indicates low risk for the $359.71M company. The 1-year high was reported on Jun, 17 by Barchart.com. If the $3.76 price target is reached, the company will be worth $17.99M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 3.17% or $0.11 during the last trading session, reaching $3.58. About 1.47M shares traded or 12.33% up from the average. NII Holdings, Inc. (NASDAQ:NIHD) has risen 323.47% since June 17, 2017 and is uptrending. It has outperformed by 310.90% the S&P500.

Another recent and important NII Holdings, Inc. (NASDAQ:NIHD) news was published by Benzinga.com which published an article titled: “40 Biggest Movers From Yesterday” on June 15, 2018.

NII Holdings, Inc. provides wireless communication services under the Nextel brand in Brazil. The company has market cap of $359.71 million. It offers mobile telephone voice services; wireless data services, including text messaging, mobile Internet, and email services; and push-to-talk services, such as Direct Connect, and Prip and International Direct Connect services, which allow subscribers to talk to each other instantly. It currently has negative earnings. The firm also provides other value-added services comprising location services, which include the use of global positioning system technologies; digital media services; and a range of applications available via its content management system, as well as the Android open application market.

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